Written answers

Tuesday, 28 September 2021

Photo of Gerald NashGerald Nash (Louth, Labour)
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297. To ask the Minister for Finance the estimated cost of a reduction of the rate of VAT on energy bills from 13.5% to 9% for a 12-month period; and if he will make a statement on the matter. [46807/21]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods or services on their VAT returns. However, a tentative estimate (using a combination of data sources) of the cost of a 4.5% reduction on the VAT collected on domestic energy supplies is as follows.

Fuel Type Cost (€m)
Solid Fuels 12
Home Heating Oils 50
Gas 20
Electricity 88
Total 170

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